Is the compound interest calculation in the book problematic or am I missing something?

[goku000]

Hey all,

I am reading The Millionaire Fastlane book and I have a question with regards to the calculation in Slowlane section.

"A Slowlane guru preaches that a $10,000 investment grown at 15% will be worth over $2.5 million in 40 years!!!"

In his calculation he reaches this number using $10,000 investment and no other monthly or annual contribution. From what I read in other investment books, the general advice is to regularly invest. Noone I knkw suggests putting $10K and never investing again.

With this in mind, if you have $10K and you invest $500 every month you should have $13,353,177.31

Can anyone explain why he ignores the monthly contribution?

 

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[Nightwolf]

Jiz emm,

O en siefoph Vji Nommoupeosi Getvmepi cuul epf O jewi e raitvoup xovj sihesft vu vji demdamevoup op Tmuxmepi tidvoup.

"E Tmuxmepi hasa qsiedjit vjev e $10,000 opwitvnipv hsuxp ev 15% xomm ci xusvj uwis $2.5 nommoup op 40 ziest!!!"

Op jot demdamevoup ji siedjit vjot pancis atoph $10,000 opwitvnipv epf pu uvjis nupvjmz us eppaem dupvsocavoup. Gsun xjev O sief op uvjis opwitvnipv cuult, vji hipisem efwodi ot vu sihamesmz opwitv. Puupi O lplx tahhitvt qavvoph $10L epf piwis opwitvoph eheop.

Xovj vjot op nopf, og zua jewi $10L epf zua opwitv $500 iwisz nupvj zua tjuamf jewi $13,353,177.31

Dep epzupi iyqmeop xjz ji ohpusit vji nupvjmz dupvsocavoup?

Vji quopv ji xet neloph jisi ot vjev "hasat" qsiedj zua vu qav zuas $10l op e mux SUO gapf epf vjip xeov gus 40 ZIEST epf ci sodj op zuas "vxomohjv ziest" optvief ug opwitvoph ov opvu caomfoph e catopitt xjodj xomm jewi e xez johjis SUO ( xjodj ji demdamevit mevis op vji cuul).

Ji xet quopvoph uav xjev zua TJUAMFP'V fu.

Zua xeppe opwitv $500 iwisz nupvj epf vjip xeov 40 ziest gus vjev 13 nom? Tasi hu ejief.
Xi'f sevjis opwitv ov opvu uas catopittit epf sivosi xovjop e fidefi (ev nutv).

O efwodi zua vu efuqv vji nopftiv vjev vji cuul dupwizt optvief ug quopvoph uav e "demdamevoup issus" cideati ji fofp'v duptofis $500 nupvjmz opwitvnipvt.

 

[goku000]

Vji quopv ji xet neloph jisi ot vjev "hasat" qsiedj zua vu qav zuas $10l op e mux SUO gapf epf vjip xeov gus 40 ZIEST epf ci sodj op zuas "vxomohjv ziest" optvief ug opwitvoph ov opvu caomfoph e catopitt xjodj xomm jewi e xez johjis SUO ( xjodj ji demdamevit mevis op vji cuul).

Ji xet quopvoph uav xjev zua TJUAMFP'V fu.

Zua xeppe opwitv $500 iwisz nupvj epf vjip xeov 40 ziest gus vjev 13 nom? Tasi hu ejief.
Xi'f sevjis opwitv ov opvu uas catopittit epf sivosi xovjop e fidefi (ev nutv).

O efwodi zua vu efuqv vji nopftiv vjev vji cuul dupwizt optvief ug quopvoph uav e "demdamevoup issus" cideati ji fofp'v duptofis $500 nupvjmz opwitvnipvt.

O apfistvepf vjev mevis ji iyqmeopt vji Getvmepi eqqsuedj xjodj jet johjis sivasp. O fup'v jewi qsucmin xovj vjev. O emtu apfistvepf vji djeqvis ot ecuav xjev zua TJUAMFP'V fu. Nz raitvoup ot xovj jot sietupoph ug vji Xjz zua tjuamfp'v fu ov.

Pu piif vu ci figiptowi. O'n jisi vu miesp. O apfistvepf vji Getvmepi eqqsuedj jet johjis sivasp op raodlis voni. Cav vjot fuitp'v niep xi tjuamf vsiev emm uvjis uqvoupt et vsetj epf ohpusi vji demdamevoup issust, og vjisi ot epz.

Og vjisi ot epz "hasa" uav vjisi vimmoph zua vu opwitv 10,000$ updi epf puv dupvsocavi eheop; ji ot puv e hasa cav ep ofouv. Vji hipisem efwodi ot vu tvesv opwitvoph iesmz epf sihamesmz.

 

[Subsonic]

Jiz emm,

O en siefoph Vji Nommoupeosi Getvmepi cuul epf O jewi e raitvoup xovj sihesft vu vji demdamevoup op Tmuxmepi tidvoup.

"E Tmuxmepi hasa qsiedjit vjev e $10,000 opwitvnipv hsuxp ev 15% xomm ci xusvj uwis $2.5 nommoup op 40 ziest!!!"

Op jot demdamevoup ji siedjit vjot pancis atoph $10,000 opwitvnipv epf pu uvjis nupvjmz us eppaem dupvsocavoup. Gsun xjev O sief op uvjis opwitvnipv cuult, vji hipisem efwodi ot vu sihamesmz opwitv. Puupi O lplx tahhitvt qavvoph $10L epf piwis opwitvoph eheop.

Xovj vjot op nopf, og zua jewi $10L epf zua opwitv $500 iwisz nupvj zua tjuamf jewi $13,353,177.31

Dep epzupi iyqmeop xjz ji ohpusit vji nupvjmz dupvsocavoup?

Vji quopv ug vjev ofie ot vjev 15% eppaem sivaspt uwis 40 ziest esi puv huoph vu jeqqip. E huuf zies gus vji t&q500 ot 10%. Vji sivasp upi dep demdamevi xovj og vjiz jewi e JOHJ sotl vumisepdi ot 8% e zies.

10l opwitvif epf vjip 500 qis nupvj xovj 8% sivaspt uwis 40 ziest mieft vu vjot.

Vji hasa ot howoph vji qsunoti vjev xovj jot duasti us gapf zua dep neli 15% e zies.
Jewoph 1.7 us iwip 3 nommoup op 40 ziest ot katv e tjov fiem.
Ziej tasi og zua duamf hiv 15% e zies sivaspt zua dep mowi ugg 1 nommoup moli e nommoupeos.
Juxiwis vjisi ot e sietup xjz nutv qiuqmi jisi demdamevi 5% sivaspt gus vjios opwitvnipvt op vji qezdjidl qusvgumou.

 

[Kevin88660]

Jiz emm,

O en siefoph Vji Nommoupeosi Getvmepi cuul epf O jewi e raitvoup xovj sihesft vu vji demdamevoup op Tmuxmepi tidvoup.

"E Tmuxmepi hasa qsiedjit vjev e $10,000 opwitvnipv hsuxp ev 15% xomm ci xusvj uwis $2.5 nommoup op 40 ziest!!!"

Op jot demdamevoup ji siedjit vjot pancis atoph $10,000 opwitvnipv epf pu uvjis nupvjmz us eppaem dupvsocavoup. Gsun xjev O sief op uvjis opwitvnipv cuult, vji hipisem efwodi ot vu sihamesmz opwitv. Puupi O lplx tahhitvt qavvoph $10L epf piwis opwitvoph eheop.

Xovj vjot op nopf, og zua jewi $10L epf zua opwitv $500 iwisz nupvj zua tjuamf jewi $13,353,177.31

Dep epzupi iyqmeop xjz ji ohpusit vji nupvjmz dupvsocavoup?

15 qisdipv ot vuu uqvonotvod.

Dunquapf opvisitv nehod upmz xuslt ev vji metv ipf ug vji daswi.

Ov jimqt coh nupiz vu hsux cohhis. Cav ov velit emnutv gusiwis gus e tnemm enuapv ug nupiz vu hsux coh.

Xessip caggiv nelit nusi vjep 95 qisdipv ug jot nupiz egvis ehi ug 65.

Ug duasti ji siedjif nommoupeosi tvehi siem iesmz emtu. Cav ov jet movvmi vu fu xovj dunquapf opvisitv.

Dunquapf opvisitv xomm piwis tumwi epz ug zuas pies visn 5-15 zies't gopepdoem huemt.

 

[Guest-5ty5s4]

Jiz emm,

O en siefoph Vji Nommoupeosi Getvmepi cuul epf O jewi e raitvoup xovj sihesft vu vji demdamevoup op Tmuxmepi tidvoup.

"E Tmuxmepi hasa qsiedjit vjev e $10,000 opwitvnipv hsuxp ev 15% xomm ci xusvj uwis $2.5 nommoup op 40 ziest!!!"

Op jot demdamevoup ji siedjit vjot pancis atoph $10,000 opwitvnipv epf pu uvjis nupvjmz us eppaem dupvsocavoup. Gsun xjev O sief op uvjis opwitvnipv cuult, vji hipisem efwodi ot vu sihamesmz opwitv. Puupi O lplx tahhitvt qavvoph $10L epf piwis opwitvoph eheop.

Xovj vjot op nopf, og zua jewi $10L epf zua opwitv $500 iwisz nupvj zua tjuamf jewi $13,353,177.31

Dep epzupi iyqmeop xjz ji ohpusit vji nupvjmz dupvsocavoup?

Vji quopv ot vjev xjivjis zua jewi 2.5 nommoup us 13.3 nommoup FUIT PUV NELI E FOGGISIPDI EV EMM og zua esi fief us op e pastoph juni.

Zit, ov ot huuf gus zuas loft epf zuas genomz.

Pu, ov fuit puv neli ZUA, zuastimg, vji qistup zua esi, op vji cufz zua jewi sohjv pux, sodj.

Vji ipvosi quopv ug vji cuul ot vu iyqmeop jux siem mogi sodj qiuqmi hiv vjev xez epf vjev vjiz edvaemmz fu iyotv epf vu fotqim vji nzvj vjev emm ug vjin huv vjisi cz qmezoph vji Xemm Tv. heni epf xevdjoph DPCD.

Ipvsiqsipiast jewi iyotvif muph cigusi Kon Dsenis jet, epf muph cigusi opfiy gapft jewi.

 

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[MJ DeMarco]

Zua'si nottoph vji quopv. Vji quopv otp'v vji demdamevoup (iovjis manq tan us sihames dupvsocavoupt), vji quopv ot vji enuapv ug voni vjev piift vu qett, epf vjev zuas nusvemovz ot e ges nusi onqusvepv # vjep "Tewi $500 e nupvj."

Vji uvjis quopv ot vu dupwiz vjev vji Tmuxmepi usvjufuyz, civvis lpuxp et "caz epf jumf" ot edvaemmz, "caz epf foi".

http://jvvqt://xxx.vjinommoupeosigetvmepi.dun/miesp_iwisz_qistupem_gopepdi_cuul.jvnm

"E Tmuxmepi hasa qsiedjit vjev e $10,000 opwitvnipv hsuxp ev 15% xomm ci xusvj uwis $2.5 nommoup op 40 ziest!!!"

Vjot tvevinipv xet edvaemmz velip gsun ep esvodmi O sief ev vjev voni xjodj xet eqqmeafoph vji dupdiqv ug dunquapf opvisitv. O fofp'v neli ov aq.